$COW 4H hourly level disk, after touching the 0.9 support area, it rebounded 15% and then went out of the falling structure. If the support level of the 0.9 area is broken, it will continue to test the 0.73 area. The potential decline is 18%. It has now fallen below the daily level rising trend line. The daily line is suppressed by the 20-day moving average, and the 4H is about to close below the moving average group.

$COW is currently moving within an ascending channel on the 4H small timeframe. The strategy should be to position for low-level buying. Below are the analyses of the buying strategies at three points.
1. The 0.9 area is the crossover point where the ascending channel and the W neckline breakout level convert support and resistance.
2. The 0.9 area corresponds to the same level of decline as before.
3. The 0.734 area is the order block position, where support and resistance switch.
4. The 0.584 area is the daily level support and resistance switch, the breakout point of the range, and the starting point for an uptrend.

As long as the 0.9 area is not effectively broken down, and the ascending channel is not effectively breached, one should not go short against the trend.